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Stream Finance Loses $93 Million as Stablecoin Crashes to 50 Cents

Stream Finance Loses $93 Million as Stablecoin Crashes to 50 Cents

Author:

Global Cryptocurrency

Published:

2025-11-04 08:11:18

19

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BTCCSquare news:

Stream Finance faces a crisis after an external fund manager reported a $93 million loss, prompting the DeFi platform to suspend all deposits and withdrawals. The incident has sent shockwaves through the ecosystem, with Stream’s stablecoin XUSD plummeting to $0.51—losing half its peg.

Perkins Coie LLP has been enlisted to investigate the missing funds, leveraging the expertise of attorneys Keith Miller and Joseph Cutler in cryptocurrency-related cases. Stream Finance is actively withdrawing liquid assets from its systems, though the timeline for resolution remains unclear.

Over $280 million in loans across multiple platforms are now at risk, as they rely on Stream-related tokens as collateral. The platform’s abrupt operational halt underscores the fragility of decentralized finance mechanisms when faced with liquidity shocks.

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